The Hindu Business Line : Nabard loan for Kochi IT complex

Thiruvananthapuram, Sept. 25 Nabard has sanctioned Rs 50 crore from its Rural Infrastructure Development Fund XIII (RIDF XIII) for a new IT complex at Infopark in Kochi being implemented by the IT Department of Kerala Government.

The complex, covering an area of 4.27 lakh sq ft, will house 50 IT companies and is expected to create employment for around 5,000 professionals. According to Mr Bhawar Puri, Chief General Manager of Nabard, apart from the regular employment in the complex, about 300 local people are likely to be employed for service-related work around the project area.

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